Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    147 Diamond St, Unit BLDG New York City, NY 11222

    Sponsored
    For Sale
    Pending
    $2,400,000

    MULTI_FAMILY - New York City, NY

    Property size:
    1,800 SF
    Lot size:
    0.04 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 2 at 5:06 am

    Property Features for 147 Diamond St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Pending
    Rooms
    Bedroom 6, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 2, Bedroom 3, Bedroom 5
    Bedrooms
    6
    Bathrooms
    2
    Pets allowed
    Breed Restrictions
    Size
    1,800 SF
    Lot size
    0.04 Acres

    Building Details

    Year built
    1901
    Number of units
    2

    We can help!

    Listing Contact
    Martin Olsen

    Brick & Mortar LLC (718) 599-0869

    Listing agent Martin Olsen (718) 809-1099

    Listing date Mar 2, 2026

    MLS# RSFT-110000000350 Listing URL

    Copyright © 2026 RESoft, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Greenpoint Two-Family with Expansion Potential

    Located in the heart of Greenpoint, Brooklyn, 147 Diamond Street is a two-family townhouse offering nearly 1,800 square feet of living space on an 18-by-100-foot lot. Constructed in 1901, this property combines pre-war charm with modern flexibility. The building is configured as two residences. The garden duplex includes three bedrooms, a lower level that adds additional living space, and direct access to a private backyard. This unit is currently leased through November 30, 2025, under a three-month agreement that began September 1. The second-floor apartment features three to four bedrooms, a contemporary kitchen, and 1.5 baths, along with central A/C. Both units include generously sized bedrooms and abundant natural light. The property offers nearly 1,800 square feet as built plus an additional 1,800 square feet of unused buildable potential. Situated on a quiet, tree-lined block, the property is near McCarren and McGolrick Parks, surrounded by Greenpoint's mix of cafes, boutiques, and restaurants, excellent schools, the renovated Greenpoint Library, and the G and L subway lines. The property is positioned to serve as both a secure investment and a place to create a home.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New York City
    County
    New York
    State
    New York
    Longitude
    -73.94809723
    Latitude
    40.72737122

    Nearby Similar for Sale

    • New
      $895,000
      1,626 SF

      Ozone Park Two-Family Home

      Well-kept two-family home in a vibrant Ozone Park neighborhood.
      106-49 97Th St, New York City, NY 11417
      View Details
    • New
      $2,995,000
      6,854 SF

      Maspeth Development Opportunity on Grand Avenue

      Two-story building and adjacent corner lot for sale in Queens.
      72-17 Grand Ave, New York City, NY 11378
      View Details
    • $699,000
      0.13 Acres

      Chelsea Garden Apartment in Landmarked Building

      Charming Chelsea garden apartment with private entrance and renovated kitchen.
      162 9 Ave Unit Garden-B, New York City, NY 10011
      View Details
    • Contact for pricing
      13,000 SF

      West Village Double-Wide Mansion

      Rare 44-foot wide mansion in prime West Village location.
      44-46 Barrow St, New York City, NY 10014
      View Details
    • Contact for pricing

      Luxury High-Rise Residence with Views

      Grand 3-bedroom residence with western views and luxury amenities.
      500 W 18Th St, New York City, NY 10011
      View Details
    • Contact for pricing

      Spacious Bay Ridge Two-Family Home

      Large two-family home in Bay Ridge with customization potential.
      361 78Th St, New York City, NY 11209
      View Details
    • Contact for pricing

      Chelsea Duplex Penthouse with Terraces

      Exceptional Chelsea duplex with two private terraces and protected views.
      471 W 22Nd St, New York City, NY 10011
      View Details
    • Contact for pricing

      Stylish Condo in Gowanus

      Sunlit condo with modern amenities in a vibrant neighborhood.
      175 12Th St, New York City, NY 11215
      View Details
    • Contact for pricing

      Gowanus Townhome with Garden

      Charming townhome in vibrant Gowanus neighborhood with flexible living spaces.
      165 14Th St, New York City, NY 11215
      View Details
    • Contact for pricing

      Astoria Boutique Condominium Residences

      Boutique condominium with modern design in the heart of Astoria.
      30-24 32Nd St, New York City, NY 11102
      View Details
    • Contact for pricing

      Stately Home on Coveted Block

      Spacious, elegant home built in 2005 on a 40x100 lot.
      850 E 23Rd St, New York City, NY 11210
      View Details
    • Contact for pricing

      Prewar Apartment in Greenwich Village

      Oversized prewar apartment with new appliances and renovated bathroom.
      59 W 12Th St, New York City, NY 10011
      View Details

    FAQs

    What type of property is this?
    Duplex - Classic two-family townhouse with expansion potential in Greenpoint, Brooklyn.
    Where is this duplex located?
    The property is located at 147 Diamond St, Unit BLDG New York City, NY.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: - Prime Greenpoint location on a quiet, tree-lined block, near parks, cafes, boutiques, restaurants, schools, and transportation (G & L subway lines).; - Two-family townhouse with nearly 1,800 sq ft of living space, offering flexibility as an investment property or single-family conversion.; - Significant expansion potential with an additional 1,800 sq ft of unused buildable space.
    (718) 809-1099
    Request Owner's contact information
    147 Diamond St, Unit BLDG New York City, NY 11222
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    147 Diamond St, Unit BLDG
    New York City, NY 11222
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    147 Diamond St, Unit BLDG New York City, NY 11222
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Martin Olsen
    (718) 809-1099 (860) 985-6785 (718) 599-0869
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!